CCIIO releases new guidance on HSAs for lower-income workers

05/16/2013 | BenefitsPro.com

Lower-income earners will be able to retain the use of health savings accounts in 2014, as stated in new batch of guidance from the Center for Consumer Information and Insurance Oversight. "An individual who would not be eligible for the tax advantages of an HSA because the plan variation to which he or she would be assigned does not qualify as a [high-deductible health plan] may purchase the plan without cost-sharing reductions," the guidance states.

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